Monthly Archives: February 2011
Silver Scores 7.7% Weekly Gain, Gold Rises 2.1%
Silver's two-day string of soaring gains put the metal up 7.7 percent on the week and at a fresh 31-year high.
While weekly gains in gold were more modest at 2.1 percent, the yellow metal is on a five day winning streak and it closed Friday at its best level since January 3 [...]
Andrew Johnson Presidential Dollars Released into Circulation
The first 2011 Presidential $1 coin was released into circulation Thursday, February 17. The 17th issue in the series honors the 17th President of the United States, Andrew Johnson.
Participating banking institutions were able to order bags of the new dollar coins from Federal Reserve Banks since January 27, but could not release them to the public until Thursday's official release date [...]
Parisian Blinds? – Friday Kitcommentary
As Friday's trading sessions got underway, gold appeared set to complete its best weekly gain of the current year and silver orbited around the $32 level -- a fresh 30-year peak-following yesterday's fund feeding frenzy that added a dollar and a dime to its value, and, much, beyond-bullish sentiment, to the camp that refuses to see it for being a bubble in the making [...]
PCGS Million Dollar Coin Club Now Includes 235 Coins Valued at...
The second annual PCGS Million Dollar Coin Club reference guide has been unveiled by Professional Coin Grading Service.
Originally launched in January 2010 with 210 "charter member" United States rare coins valued by experts at $1 million or more each, the "club" now has grown to include 235 coins with a combined value of over a half billion dollars [...]
Silver Soars to 31-Year High, Gold Hits 5-Week High
U.S. precious metals prices rose Thursday, with gold closing to its best level in five weeks and silver surging to a 31-year high.
April gold prices advanced $10, or 0.7 percent, to $1,385.10 an ounce on the Comex in New York -- its best settlement price since January 13. Gold ranged between $1,374.60 and $1,385.00 an ounce [...]
Bassackwardation – Thursday Kitcommentary
Spot gold trading opened with a $5.60 per ounce gain this morning, and the precious metal was quoted at $1,381.20 on the bid side.
Silver added 11 cents to open at the $30.59 level on the bid side and it later touched and then backed off of the $31.00 round figure resistance point. For a fourth time now, silver is bumping up against major [...]
US Mint Sales: Annual Sets Continue to Dominate
2011 sets continue to dominate US Mint collector product sales. That is hardly surprising as the Mint has released its three most popular annual sets in two-week increments since early January.
What is surprising is the 73,789 weekly advance of the 2011 Proof Set. Aside from its debuting burst [...]
Gold and Other Precious Metals Little Changed
U.S. gold and other precious metals prices were nearly unchanged Wednesday.
April gold prices finished up $1, or 0.1 percent, to $1,375.10 an ounce on the Comex in New York. Gold ranged between $1,368.30 and $1,382.70 an ounce. The high came after Israel said two Iranian warships intended to move through [...]
Heritage February 2011 Long Beach US Coin Auction Realizes $8.596M
Collectors put particular emphasis on acquiring high-grade Saint-Gaudens coinage in Heritage's $8.596 million Long Beach Signature® U.S. Coin Auction, February 5-6, 2011, at the Long Beach Convention Center.
The auction saw a 94% sell-through rate by value and 97% sell-through rate by lot. All prices below include 15% Buyer's Premium [...]
2011 Mint Set Sales Debut at 191,391
The uncirculated 2011 Mint Set, one of several core United States Mint annual products, got off to a solid start.
Although similar to the 2011 Silver Proof Set and the 2011 Proof Set, its sales debut was slower as compared to past years. But that theme has been a common trend across many products for the last several years [...]